Vodafone Idea Share Price Dips Over 4% Ahead of Supreme Court AGR Hearing | Stock Market Today

Market Performance

Vodafone Idea shares opened lower on Monday, October 6, as investors reacted ahead of a crucial hearing in the Supreme Court regarding the company’s AGR dues. The stock fell 4.53%, trading at ₹8.37 per share on the BSE in early morning trade.

The decline reflects cautious sentiment as the telecom operator faces a key legal proceeding that could impact its financial obligations.

Main News: AGR Case Hearing in Focus

The Supreme Court is scheduled to hear Vodafone Idea’s plea seeking the quashing of additional adjusted gross revenue (AGR) demands for the period up to 2016-17.

Earlier, on September 26, the court had deferred the hearing after the government requested more time to respond. During the last session, Solicitor General Tushar Mehta, representing the Department of Telecommunications (DoT), requested additional time, which Vodafone Idea did not oppose.

Key points about the case:

• The DoT has demanded ₹9,450 crore in additional AGR dues.
• Vodafone Idea argues that the demand exceeds the scope of the Supreme Court’s earlier AGR judgment.
• The government holds a 49% stake in Vodafone Idea after converting the company’s interest liabilities into equity.

The matter is under scrutiny not only for its financial significance but also because it involves the government as a substantial shareholder, highlighting the broader implications for the telecom sector.

Corporate Update: New CFO Appointment

In a parallel development, Vodafone Idea recently announced a leadership change in its finance function.

• Tejas Mehta has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective October 6, 2025.
• This appointment follows the conclusion of Murthy GVAS’s tenure as CFO and KMP on October 5, 2025.

The transition marks a key step in strengthening the company’s financial management amid ongoing legal and operational challenges.

Vodafone Idea Share Price Performance

Despite the recent dip, Vodafone Idea shares have demonstrated notable gains over various periods:

• 1 month: +17%
• 3 months: +15%
• 6 months: +7%
• Year-to-date (YTD): +6%

Over longer timeframes, however, the stock has faced headwinds:

• 1 year: -14%
• 2 years: -23%

These movements reflect both sector-specific pressures and company-specific developments, including debt restructuring, government equity participation, and ongoing legal proceedings.

Company Overview

Vodafone Idea remains one of India’s major telecom operators, serving millions of subscribers across mobile, broadband, and enterprise segments. The company has navigated several structural challenges in recent years, including AGR liabilities, debt conversion, and market competition, while continuing to focus on operational resilience.

The government’s 49% stake, while not classified as promoter ownership, positions Vodafone Idea in a unique scenario where regulatory, legal, and financial dynamics intersect closely with shareholder interests.

Summary: 

Vodafone Idea’s early decline on October 6 highlights market attention on the upcoming Supreme Court hearing and its potential financial impact.

Highlights:

• Share price fell 4.53% to ₹8.37 ahead of hearing.
• Supreme Court to hear plea against ₹9,450 crore AGR dues.
• Government holds 49% equity stake post debt conversion.
• New CFO Tejas Mehta appointed effective October 6, 2025.
• Stock has gained 17% in the past month but shows a 1-year decline of 14%.

The stock’s performance continues to reflect the interplay of legal developments, corporate leadership changes, and long-term telecom sector dynamics.